Simon Quick Advisors LLC Acquires 3,481 Shares of Chevron Co. (NYSE:CVX)

Simon Quick Advisors LLC lifted its stake in Chevron Co. (NYSE:CVX - Free Report) by 45.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,184 shares of the oil and gas company's stock after buying an additional 3,481 shares during the period. Simon Quick Advisors LLC's holdings in Chevron were worth $1,871,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CVX. TFB Advisors LLC raised its position in shares of Chevron by 2.4% in the fourth quarter. TFB Advisors LLC now owns 2,840 shares of the oil and gas company's stock valued at $411,000 after purchasing an additional 66 shares during the period. W.H. Cornerstone Investments Inc. lifted its position in Chevron by 1.4% during the fourth quarter. W.H. Cornerstone Investments Inc. now owns 4,672 shares of the oil and gas company's stock worth $677,000 after acquiring an additional 66 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Chevron by 0.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 15,240 shares of the oil and gas company's stock worth $2,207,000 after acquiring an additional 66 shares during the period. Berkeley Capital Partners LLC grew its position in shares of Chevron by 0.4% in the fourth quarter. Berkeley Capital Partners LLC now owns 17,757 shares of the oil and gas company's stock valued at $2,572,000 after purchasing an additional 67 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its stake in shares of Chevron by 6.1% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,184 shares of the oil and gas company's stock worth $171,000 after purchasing an additional 68 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Trading Up 0.1%

Shares of CVX stock traded up $0.12 during trading hours on Thursday, hitting $144.90. 6,989,778 shares of the company's stock traded hands, compared to its average volume of 8,142,651. The stock has a market cap of $253.05 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. The stock's 50 day simple moving average is $138.24 and its 200 day simple moving average is $149.42. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. Chevron Co. has a 12 month low of $132.04 and a 12 month high of $168.96.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. The business had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a return on equity of 11.44% and a net margin of 8.71%. Chevron's quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.93 earnings per share. On average, sell-side analysts anticipate that Chevron Co. will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were given a $1.71 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.84 annualized dividend and a yield of 4.72%. Chevron's payout ratio is 78.17%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CVX. Hsbc Global Res lowered shares of Chevron from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Wells Fargo & Company dropped their price objective on Chevron from $173.00 to $164.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Mizuho reduced their target price on Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. BNP Paribas cut shares of Chevron to a "cautious" rating in a research report on Tuesday, April 15th. Finally, DZ Bank lowered shares of Chevron from a "buy" rating to a "sell" rating and set a $130.00 target price on the stock. in a report on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $160.24.

Chevron Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.